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North Las Vegas Industrial Project Sees More than 1 msf in New Leases

12/10/21

There has been more than 1.045 msf worth of new leases and expansion deals signed at the Golden Triangle Logistics Center in North Las Vegas. The project is a development of Trammell Crow Company (TCC) and Washington Capital Management.

Phase 1 of Golden Triangle includes two logistics facilities totaling approximately 1 msf of space that was delivered in Q4 2020, while phase two will include a single 652k sf industrial facility, slated to be completed during the first half of 2022. The recent deals at the development include:

• Brothers Trading Co signed a deal to expand its footprint in Building 2 by 196.7k sf. The wholesale grocery distributor will now occupy 455.4k sf within the asset. Kevin Higgins of CBRE represented the landlord in the deal, while the tenant was represented by Donna Alderson of C&W.

• ShipHero, LLC. signed a 196.7k sf lease to occupy the remainder of Building 2 beginning in November 2021. The landlord was represented by Kevin Higgins of CBRE and Donna Alderson of C&W, while the provider of cloud-based eCommerce fulfillment solutions was represented by John Carpenter of the 949 Group.

• A manufacturing company signed a deal to occupy the entire 652k sf Building 3. The company will move into the asset in April 2022 and utilize it as its western distribution facility. The landlord was represented by Donna Alderson of C&W, while the tenant was represented by CBRE.

Building 2, located at 3195 East Washburn Road, is a cross-dock facility that features 37-foot clear heights with ESFR fire sprinklers; seven-inch floor slabs; 185-foot secured, concrete truck courts; and abundant dock-high loading and parking. Building 3, located at 3375 East Washburn Road, will include concrete tilt-up walls; 37-foot clear height; 98 truck doors; four at-grade doors; 185-foot-deep concrete exterior truck courts; and ample trailer and auto parking. Building 1 is a rear-loader facility located at 3325 East Washburn Road that is fully leased by Whitebox Technologies Inc.

The Golden Triangle development site provides direct access to Interstate 15 via Craig Road. The project’s location is closer to North Las Vegas’ strong labor pool compared to the handful of competitive properties near the Las Vegas Speedway area. Additional land parcels adjacent to Phases I and II provide users with potential expansion flexibility.




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